Avity Investment Management Inc. Sells 2,160 Shares of Diageo plc (NYSE:DEO)

Avity Investment Management Inc. cut its holdings in Diageo plc (NYSE:DEO) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,340 shares of the company’s stock after selling 2,160 shares during the quarter. Avity Investment Management Inc.’s holdings in Diageo were worth $552,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Kathmere Capital Management LLC bought a new position in shares of Diageo in the fourth quarter worth about $214,000. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Diageo by 2.6% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,877 shares of the company’s stock valued at $5,832,000 after purchasing an additional 1,161 shares in the last quarter. R.H. Investment Group LLC bought a new position in Diageo in the 4th quarter worth approximately $2,754,000. Wynn Capital LLC lifted its holdings in Diageo by 11.0% during the 4th quarter. Wynn Capital LLC now owns 3,777 shares of the company’s stock worth $480,000 after buying an additional 375 shares in the last quarter. Finally, Fiduciary Financial Group LLC bought a new position in Diageo in the 4th quarter valued at $240,000. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

DEO stock opened at $114.50 on Wednesday. Diageo plc has a twelve month low of $113.99 and a twelve month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a market cap of $63.69 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The business’s fifty day moving average is $122.77 and its 200-day moving average is $128.09.

Analysts Set New Price Targets

DEO has been the subject of a number of recent research reports. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.